HMOs have become the White House's enemy number one and their stock prices have either crumbled already or are about to selloff. While analysts on The Street are still largely positive on HMOs, hedge funds dumped the stocks because they expected a week of "very painful headlines." Although there has been significant opposition to the President's reforms, they at least were not "dead on arrival." Montana Democrat and chairman of the Senate Finance Committee Max Baucus' plan is rough on HMOs, and these organizations are as popular as the banks, which means they are the "new villains" and should be avoided by investors.

After a mood of doom and gloom, the media is finally putting a positive spin on the economy. The front pages of the business sections of the Wall Street Journal, the New York Times and USA Today featured upbeat stories about M&A Activity, improving financials and the possibility of 10,000 for the Dow. Given how bearish the press has been, this new optimism is remarkable, although it would take a good jobs number to justify absolute confidence in the market, according to Cramer. He expects to see cynical articles return and stock prices drop, but Cramer suggested using declines to buy solid stocks. He noted financials that seemed moribund last year: Citigroup, AIG, MBIA, Bank of America and Hartford Financial are doubling and tripling in value.

While Cramer likes stocks with generous dividends, he emphasizes yields must be safe. A company like Windstream that has a 10% dividend and yet admits to having liquidity problems may well make investors leery. Windstream needs to raise $400 million to help pay for two acquisitions, and Cramer is naturally worried if the hefty dividend is sustainable.

CEO Jeff Gardner justified the company's acquisitions, and insisted they would bring Windstream savings and growth. "We've really managed this transition to broadband enterprise company aggressively, but we've maintained our payout ratio, actually improved upon it," said Gardner. He added he feels "great" about the dividend, because the company is doing the right things. Cramer says he trusts Gardner and Windstream.